Property Detail

Description

20 E 16th Street spans over 14,309 square feet on a 0.49-acre parcel, offering a well-maintained, low-rise multifamily property featuring a two-story residential building comprising 21 units, with a favorable unit mix of 5 two-bedroom units and 16 one-bedroom units, originally constructed in 1960. Unit interiors offer laminate flooring and kitchens equipped with electric appliances. Units are separately metered for water, gas, and electricity, include through-the-wall air conditioners, and utilize wall heaters for space heating. Property amenities include on-site laundry facilities and 20 total parking spaces, consisting of 11 covered carport spaces and 9 surface parking spaces. Don't miss out on the opportunity to invest in a well-performing housing asset that has demonstrated consistent occupancy and stable in-place cash flow, providing current income.